Money market deposit accounts and certificates of deposit are officially called ______ deposits.
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Show Question 1 0.5 out of 0.5 points Which of the following is an example of a depository financial institution? Selected Answer: credit union Correct Answer: credit union Question 2 0.5 out of 0.5 points Money market deposit accounts and certificates of deposit are officially called ______ deposits. Selected Answer: time Correct Answer: time Question 3 0.5 out of 0.5 points Items that groups of people use as money must be _____ to be acceptable mediums of exchange. Selected Answer: scarce, divisible, portable, and durable Correct Answer: scarce, divisible, portable, and durable Question 4 0.5 out of 0.5 points The two types of finance companies are: Selected Answer: commercial finance companies and consumer finance companies Correct Answer: commercial finance companies and consumer finance companies Question 5 0.5 out of 0.5 points One of the major financial burdens for many companies is the need to provide and maintain funds to provide benefits needed by former employees. One of the ways that ABC Airline tried to avoid bankruptcy was by reducing the payout from this fund because returns on investments were not keeping pace with the number of retirees and their benefit demands. This example reflects a problem with: Selected Answer: pension funds Correct Answer: pension funds Question 6 0 out of 0.5 points Competing against foreign banks can be difficult for Canadian banks because: Selected Answer: Canadian banks are not used to the pure competition that exists in the banking industry in many Asian countries Correct Answer: foreign banks are subject to fewer regulations than Canadian banks Question 7 0 out of 0.5 points Which of the following statements about international banking is true? 12. The U.S. money supply is composed of:A. coins, paper money, and treasury billsB. currency, demand deposits, and checking accountsC. checking accounts, bonds, and savings accountsD. currency, demand deposits, and time depositsE. stocks, demand deposits, and checking accounts Title: ANSWER: E REFERENCE: Show Me the Money LEARNING OUTCOME: 113._____ is cash held in the form of coins and paper money. Get answer to your question and much more Title: ANSWER: E REFERENCE: Show Me the Money LEARNING OUTCOME: 114. A checking account is also commonly referred to as a: Get answer to your question and much more Title: ANSWER: B REFERENCE: Show Me the Money LEARNING OUTCOME: 115. Money market deposit accounts and certificates of deposit are officially called ______ deposits. Get answer to your question and much more Title: ANSWER: B REFERENCE: Show Me the Money LEARNING OUTCOME: 1 RATIONALE: Another term for achecking account is a demand deposit.16. Bo Riley pays his rent and utility bills each month by writing checks.Riley is using a _____ account.A. time depositB. demand depositC. federal depositD. certificate of depositE. currency Title: ANSWER: C REFERENCE: Show Me the Money LEARNING OUTCOME: 1October 22, 20185 What are the types of deposits?There are two types of deposits: demand and time. A demand deposit is a conventional bank and savings account. You can withdraw the money anytime from a demand deposit account. Time deposits are those with a fixed time and usually pay a fixed interest rate, such as a certificate of deposit (CD).
What is a demand deposit account?A demand deposit account is just a different term for a checking account. The difference between a demand deposit account (or checking account) and a negotiable order of withdrawal account is the amount of notice you need to give to the bank or credit union before making a withdrawal.
Which type of deposits can be classified as demand deposits?There are four types of Demand Deposits:. Savings Account Deposits.. Current Account (Checking Account) Deposits.. Non-resident External Account Deposits.. Non-resident ordinary Account Deposits.. What is a checking account called?A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines (ATMs), and electronic debits, among other methods.
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